Company umber- 02718442 Charity number.. 1011774 DEVIZES AD4D DISTRICT OPPORTUNITY CENTRE ANNUAL REPORT AND FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 MARCH 2023 The Alanbrooke5 Group Ltd TIA JS W¢cks & Co Aecouknt8ttt$ D¢vize5
DEVIZES AND DISTiucf OPPORTUI¥TfY CENTRE COMPANY INFORThL4TION FOR THE YEAR ENDED 31 MARCH 2023 Represent8tiveslJ)irectors Gtahgm Q&igeT- Chr C8rol Harrington Gary Benn¢u Secrelary Sally King Registered office Belle Vue Road Devizes Wiltshire SNIO 2AJ Regigtration number 02718442 England 3nd Wales Cbarity number 1011774 IndepelldEIit EI*]nitter Mrs A M Cross FCCA The Alanbrwkes Group Ltd TIA JS Weeks & Co 10 Market Place Devizes Wiltshire SNIO IHT l¥f2ill Bllnkers Unity Trust BaT PO Box 7193 Pl8net2ry Road Will¢nhall WVI 9r
DEVIZES AM) DISTRicf OPPORTUNfrY CENTRE TRUSTEES? RKPORT FOR THE YEAR ENDED 31 MARCH 2023 The Tntstees PTesent theirannual report and the financiBI Statements forthe year ended 31 March 2023. StructuN Govern&nce and M2uagemettt Devizes and District Opportunity Centre {the Opportunity Centrel is a limited company by guarantee and a charity registered in England wilh the ChaTity Cornmission. Our governing document is our MemorBndum and Arti¢les of Association. In the event of the Opportunity Centre being wound up our liability as Trustets is limited to a SUTn not exceeding £1. As exi5tin8 Trustees, we elect nEiV Trustees in accordance with the Article5 of Association. On appoinimeni, aIl new Trllstees receive a copy of the Memordndum and Articles of Association, an induction pacK which includes information on their rol¢, disclosure and declaration of inrer*ts fonn and the Chariry Commi55ion booklet'Esseniial Trustee. TTaining is ade available 10 tll TSteeS gs r¢quired. As Trustees we meet as a board on a reguIar basis to set strai¢ and monitor perfonranc¢. We delegate to the Operations ManageT the tssk of day-to-day mÈn2getnent of the Opportunity Centr which she carrie5 Out to a high standard. Objectlves and Acttvities The objects for which the Company is established are to advance the educgtion of PTe-s¢hool children 8nd in particular childll with special needs by." a) Provtding safe stitnulating and Satisfying group play in which pents take part when appropriate and b) Encouraging other charitable activities through which parents may h¢lp the children. Tstee$, Respollsibi]ities ID Relation To The Fillaneial Ststelllellts The purpose of ihi5 siaiement is to distinguish our responsibilities in relation to finart¢i215taternents and accounting records fTOIll those of the independent ex3rniner a5 Stated in theiF teport. Charity 2nd company law require us 8$ Trustees to Prepare fintn¢ial statements for each fiTCial period, which give a true and fair view of the siaie of affairs and of ihe incoming sOUrceS and application of iesource5 of the comptny for that period. In preparitjg those financial sratements we are Tequired to.. Select suitable accounting policies and apply them consistently •Observe the methods and principles in the Charity Commission's statement of Recommended Pta¢tise ISORPI Make judgetnents Bnd estimates that are reasonable emd prLtdent Pr¢pare financial statements on agoing concetn bHsis, unless it is itwropriRtr to assume that the cornpBny will continue 10 operate. As TTUStees we are responsible for keeping properaceounting recor<. which disclose with re8sonable accuracy at any time the fIn3ncial position of the company also foT ensuringthat the financial statements comply with r¢levani legislation. We gre reSpOlbIe forsafegllarding the assets of the company and hence for tsking Teas(>nable steps forthe prevention and detection of fraud and other IegUlaritIes.
DEVIZES AND DISTRICT OPPORTUNITY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED31 MARCH 2023 A¢bl¢v¢M¢nts #ttd P¢rformn¥Y Thts year has scen thc first full of 'nornLa]ity' within the Centre following the Covid pandemic. We were able to otTer the 5jX PTe5chool se55ion5 2nd two Stay and play sessions, one for the 0-2yr olds and one for 2-4 yr olds who need a 6 week assessment to detemiirte level of need. Our assessment se$sion$ 8r¢ proving to b¢ r)Y in¢fi¢iaJ as it offers an opportunity for staff to work with par¢nt5 and children to improvc their learnirtg and developrncnt. It also ensures those children who would benefit the most from artendin8 our Service access the service at ihe appropriats ttrn¢. Referra15 havc incrcascd dratnatically ovcr thc p&st year cornpared to the previou5 two yeaT5 and we now have a waitin8 list so it is imperaiive that we offer the services &wl8ble to those who most need ii. Our outThch s¢rvir¢ ha5 dso s¢rn a big inrr¢ase in d¢Tnand and Sarn. our Outreach co Ordinator 15 now Providing outreach visits twice a week to cope with demand alongside providing telephone support where appropriate. Thts h&s had an impact upon staffing with the playroom $0 we have looked at retruitlDg mtsTe 5kff to cover. Durin8 the year. 8 children made significant prngre$$ Bnd were able to be discharged from our service ba¢k to Tn¥instreAm nursery, we 8Jso $8id goodbye to 13 child who left as they were du¢ to start primary education. All of the child starting %hool wcre awarded Education Health Care Plan5 which were at the level of SuPrt necessary to help them reach their full potentia]. However, with limited spaces in Specialist schools within th¢ South of th¢ County, three of the children wcre unable to cotnmeRce their prirnary educ4tion in September due to lack of space. This 15 sadly goin8to become more and more prevalent moving forward as spates become in high demand. Wiltshite Council has one of the highest leve15 of EHCPS grarrt within the County gjjd this is havsng a significant impact on what they can provide cach yw. gnd Ststuto Obl. tlolls The Centre continue5 to be generou51y 5UPPOrted financially and practically by the Committee rnember5. stsff lea pants and loca] eommunity. We sthve to ensure we provide and deliver the highest quality of E and 5UPPOrt through 8n ongoing ¢y¢le ofTetle¢tive PTa¢ti¢e and self evaluatitsn. WE hold regular team meetings where we discuss our practice and reflect on how we &qn improve further the experiences our children have. We have held trdining updates regularly to keep abreast of new and diffent ways we ¢an sw)pon our children to learn and develop. We ensure the fajnily are involved in their child's leaming and 5tsff will gain infortnation on how best to support the ¢hI1 what they like, dislike as well as Other itnportant derails. This starts with the sw and play &85essment sessions and continues until the child eventually le4ve5 our Cart As an FArly YeaT5 provider rcgi5tcred with Ofyted we are legally obliged to Tneet the rcquireTtLents of the Ststutory Framework of the Farly Years Foundation Sts8e. We s0 hold a service level agreement with Wiltshire Council which provid SOTne of our incom¢. We feedback to County ComTlliSSioneT5 on a quarterly basis how the service is do1 what we have platmed for the fijture and discuss any issue5 or concenL% relatd to the Serricc prow5ion. We are now in the final year of thi5 contraGt period 3nd will be iendeting for a nem, contrdct which will commence September 2024. We regularly review our 5eTrice5 through con5ultstion5 7th parents and professionaIs to ensure we ate meeting the needs of the l<Kal community. health and education service. This process a150 ensure5 that pgmts ad profes5iona15 have some input into howthe service is Tun and enables them to have a sense of belottgin&
DEZ£s AND DISTIUCT OPPORTUNITY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Stsffi nd Partllersbi Our staff team have gone through some chang* overthe past couple of years and .¢ continue to ensure all staff are highly skilled, dedicated and caring towgtds eh oiher ts 't[l OUT Tnernber childTem and families. Our more experienced staff Provide advice and support to ouryounger, le55 experienced staff and together tq ateam have an ultimate goal of ensuring every child reaches their full potential. We have invested in training opponulllties for staff to eUre they remain confident and knowledgeable in the role. Training such as early words together, the ¢uri05ity approach. Core Grid sheets 2nd $2fegu8Tding have helped the team leam new and diffenI approaches to learning for our member Children. We also provide training opportunities through our partnership with the Early Ye8]s Alliance which steff havc acce5S to on a range of subjects should they so M'ish. As of March 2023 we employed I x manager. I x deputy ttkninager, I x outreach co 0rd1natorlspeci need5 practitioner, I x admin sistant. 5 x special need5 practition¢ and I x bank staff. Our cleaning is now undertaken by acleaning company as r¢cruiting foT this role proved challenging. Our outretch service allowed us to build confid¢nc¢ within mainsiream settings on how to work and 5UPPOrt children with SEN. More and more settings are requesting support there has been a gener incTease in SEN across early years. Practitioners report that they value this service a5 we have a real understsnding of ihe challenges they face in mainstream settings. It is not always eY 10 provide the highest level of support needed in mwnstream5 due to constraints around funding and staff availability. We have buili Strong close workins relationships i¥ith our Community heth partne, Early years UCatIon professionals, Social Car¢ and Wiltshire Council. We are 5UPPOrted regul8rly by th¢ Speech and language therapist %Yho th also provided tllIng for the sthff ieam when needed. We strongly value this partnehIp a5 it is the Tnain crux of our work with children and ive see how Much of a difference it makes io them. We are also privileged to have the COmTnunTry paediatricians and the Wiltshire aut15tn assessmentteam hold clinic5 within the Centre ¢v¢ry couple of months for the children who attend our Centre. This en5ure5 that they are seen within an environment that 15 less clinical and that they also do not have to wt longerthan necessary due to high wailing lis15 'ithin the COrnTnunity. Parents as always. aTe a key p3rt of OUT partnership working and we pride ourselves on the strong relationships that the stsff build with parents. We ensure parents can access addiii0rt support fro]]2 other agencies Such as the Children's Centre, Portage, Wiltshire Parent Carer Council and Wiltshire Council. Some of our pgrents have fundraised for u5 as they find out more aboui ihe work we do and this is a valuable source of income for us. I would like to rake ihis opportunity to say a huge thank you io those parents who have partiCiP8tcd it has helped us keep OUT services going. The sraff tetm have a wealth of knowledge. experience and expertise which is held in such high regd by so any. We are forninate to have such a dedicated staff team that go above and beyond to ettsure every child exceptional opportunTties in their carly years. I would like to that& them on behalf of all of us on the Committee foriheir¢orttinued hard WQTk and dedication. 8fe 2rdiD Safeguarding foms an important part of our service which we tske very seriously. All staff receive annual safeguarding and child protection training to ensure children Ternain safe from the risk of harm. The mtnager is the deSIated safeguarding lead 2nd the deputy feguardIng lead is Amanda CokeS. They are both trained 10 Level 3 in safeguarding and work closely with WiltshiTe Children's Seryices io ensuTe childTen aTe kept safe from harni. We have 2 fully embedded Safeguarding poltcy ivhi¢h is reviewed annually and safeguarding is a Ldard agenda Item at #aff and committee Tneetings. We also have a Safeguarding lead on the Cornmittee who is Sally King. This ensures that parents, professionals and staff have son]eone they can go to when they have concerns about a child or adult.
DEVIZES AND DISTRTCT OPPORTiNTY CEPfTRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Tr4itil As part of ourcontra¢tual rty4UiTements we undertake regular training updates to ensure the staff remain highly qlIfIed and able 10 fully support children with eomplex Medic needs. Trdiningwhich has been undBrtaken this year itt¢lude'. Core Grid sheets Saf¢8uarding training The Curi051ty Approach B&rth to fjve frgmewoik Fundiu Without the support of local organisations we simply would not be able to keep our doors open. We are forever grdtefvl for all those who spend their lime fundraising or ho#ing events io raise vgIuable funds for the Centre. We are also &teful to those lo¢ organisations who provide serviees to the Centre either free of charge 01 at a rEdu¢td PTi¢e. These acts of kindness really do make adifference to what we can then off¥r the Children during (heir time with us
DEVIZES AM) DISTRICT OPPORTuf4iTY CENTRE TRUSTEESY REPORT FOR THE YEAR ENDED 31 MARCH 2023 FinAncilll Result and REserv¢5 The ststement of financial aCtItieS on pe 8 shows the incoming SOurceS aDd the application of those resources for the Opportunity Centr¢. The charity has decided thatthey should hold adequaie re5¢rv¢s to cover 6 month5 of the annual budgeted operating costs in the fon of a contingency rtserve. Within this Teserye is a provision towaTds the expected increed costs due to the extension of service delivery that will not b¢ m¢t by an enhanccment in income for the chatity. The Ch1 also a Development Fund. The fund .8$ set up to fi[lee futute i]npiove]nents to the onsite facilities to include additional stora8e 3nd resources. lttvestjnellt PoIicy As ihere is a relatively low level of funds available for investtnent. we cotJsideT bank deposits provtde a satisfactory Teturn. In the year to 31 March 2021 these have been short temi deposits with our main banker and other UK regulated banks. Risk MAnAge]lle]]t As Trustees we review the major risk5 th8t the Opportunity Centre faces on aregulat b&sis and ¢atry out periodi¢ reviews of the contmls ovei key financial systeTnS. We also consider other fin3nci&l, operational and business risks fRced by the Opportunity Centr¢, e5p¢cially the tna1nietnct of adequate tesetves and have ensuted that insuronce coveT been ViewEd and updated. As Trstee$ we confirni thai systems have been established to mttigate, as as possible, any significant risks.
DEVIZES AND DISTRICT OPPORTUNITY CENfRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 FUre Plalls We are now back providirtgthe same seTvices prior to Covid and a sense of nomiality has rctumed. There remains a high demand for our service5 and during the next couple of tnonths we will be looking to tender for the new contract with Wiltshite Council. The new Ctsntrt is bound 10 bring some changes but w'e ere deter¥nin*J to ensure thai our core service is maintsin¢d and proie¢t¢d 85 well a5 ensuring we continue to meet the needs of our local area. The rising c05t of living that is facing business# is having a huge impact on the Centre alongside the rise in wages so fundraising is going io play an even bigger rol¢ in our financial success. We are all $0 proud of eath individual child who passes through the Centre and we will continue to engure that we offerthe highe# qua]ity of car¢, learning ynd opportunity to stand them in good stead for their future. Public Benefit As Trustees we have kept in mind the Charity Commission's guidance on public benefit. The fwus of our charitable activitiets duting the year is set out above in our statements on"Obj¢ctives and Activities" and "Achievements and Perfo]ynance" 2nd these explain how a charity we have delivered public b¢nefit. 10. Independent Examiners The Alanbrookes Group Ltd TIA JS We£ks & Co hev¢ indicsted their willingness to corttittue and 11 be Ptoposed for reappointment. This report h85 been PTepared in accoTdtn¢e with the spectaI provisions of Part 15 of the Comwies Act 2006 and with the Financial Reporting Standard for Smaller Entitie5 (effective April 20081. For on behalf of the Trustees Graharn Gaiger Director 4 D¢G¢mber 2Q23
II¥DEPENDENf EXAMINER7S IiEPORT TO THE IVJEMBERS OF DEVIZES AND DISTRICT OPPORTUNITY CENfRE I report on the accounts of the company foF the yeaT ended 31 March 2023. which are sct out on page5 9 to 18. Respettivt re5ponslblllties of trustees aDd examiner The trustees (who are $¢ the dire¢ior8 ef the compzny for the purpos of company lawl are responsible for the preparation of the accouDts. Th¢ trustees consider that an audit is not required foT this year under section 14412lof the Ch3rities Act 2011 (the 2011 Act) and that an independent eination is needed. Having Satisfied myself that the charity is not subject to audit terCoMpanY law and is eligible feT independeRt exaTnination, it is my T#ptsnsibility to". examine the accounts under section 145 of the 2011 Act; followthe pr(Kedures laid in the Gene Directions given by the Ch&ity Commission under seciion 14515) (bl of ihe 2011 Act ' and . state whether particular tnatteTS have corne to my attention. B¥$i5 of independent examtDer'$ report My examination carried out in OrdanCe WTth the Gener81 Directtons given by the Charity Cornrnission. An examination in¢ludes a revieiv of the accounting cOrdS kept by the Charity tnd a comparison of the accounts presented with those rewrds. It also includes con5id¢ration of any unual items or disclosures in the accounts, and seeking explanations from you as Irusiees concemTng any such matters. The procedures undertaken do not provide all the evidence that would be required in alldit and consequently no opinion is given as to wheiher the &ccounts pttseni a'true and fair viewl and ihe report ts limited to those matters set out in the statement below. Indepelldellt etsmiller's sthtemellt In connection with my ¢Kgmination, nv mattv h85 come to my attention.. 11) which gives me TeasoRable cause to believe that in any rnater1 respect the rquirements.. to keep accounting records in ac£ordance with se£tion 386 of ihe Companies Act 2006.. and •to prepare accounts which accord with the accounting reLords, comply with the accounting requir¢m¢nts of section 396 of the Companies Aci 2006 and M'iih the methods and principl of the Statement of Recommended Practice." A¢¢ounting and Report8 by Charities have net been met", or (21 to which, in my Opinto attention should be dtawn in ordeT to enable a PToper undeT8tanding of the ccounts to be reached. Mrs A M Cross FCCA The Alanbrookes Group Ltd TIA JS Weeks & Co 10 Market Place Devizes Wiltshi SNIO IHT 4 December 2023
DETrryZES AIW DISTRicf OPPORTUNTfY CENfRE STATEMENf OF fiNANCLQL ACTIWTTIES FOR THE YEAR ENDED 31 MARCH 2023 Totsl Funds 2023 Total Funds 2022 Restricted Unrestricted Fllnds Funds Notes IDeomtllg resourcts IneoDJing resourc from G¢D¢f21 fuDd5= VolunlJry iAeome.' Donations 21200 21200 20868 Aetivitiesforgen¢raii4gftsndY.' Investtnent income Others Fundraising 1407 1407 34 1531 1504 IDcoming resour£¢s froJJJ ¢hgritsble llctivities: Gran15 140355 140355 108563 Total incoming reSoUe$ 140355 24138 164493 130969 Rc5Dur¢es experlded Charitsble activities Governfxn¢e costs 140355 16850 1404 157205 1404 141482 1236 Totsl rEsoort<s expended 140355 18254 158609 142718 Net moVeellt ill futtds 5884 5884 (11749) Re¢on¢iliation offulld$ Total funts brought fonvard 182302 182302 194051 Totsj funds carried forward 188186 188186 182302 The uotes om pgges 12 to 18 form Illt¢grAI part of the f1£al statement
DETrryZES AND DISTRICT OPPORTUNITY CEhlRE JIALANCR SHEET AS AT 31 MARCH 2023 2023 2022 f4otes Fixed ¥ssets 16575 6600 Current assets Debtors and prepByments ¢h bank and in hand 780 178356 175761 175761 179136 Creoltors.. AmouTr fallingdue ofteyeaT 14150) (34341 175702 Net a55ets io 188186 182302 C#pital3lld reserve5 General furtd 3186 2302 Designa¢ed fund5.'- GeTreral fund contingency reserve Development fund 145000 40000 I40()0 40000 188186 182302
DEVIZES AND DISTRICT OPPORTUNITY cEiYfRE BALANCE SHEET FOR THE YEAR EIWED 31 IIIARCH 2023 .continued The directors, statem¢nL as required by the Compantes Act 2006. is shown on the following page. The financial statements are prepared in accordance with th¢ special prov15Tons of Part 15 of the Comwues Act 2006 relating to small companics gnd with the FiTwciaI Reporting StÈndaTd 102 section IA. The company is entitled to exemption under section 477 of the COMpeS Act 2006 from the requirement to have its acGounts for the financial year ended 31 March 2023 audited. No notite h18 been deposited under section 476 of that Act requiring the accounts of the comp?Y for that financial year to be audited. The (firectors Rcknowledge their responsibilities for.. ensuting that the company keeps acGounting record3 which comply with section 386 of the Companies Art 2006,. and preparing a¢¢ourtts which give a true and fairview of the State of affairs of the company atthe end of the financiaI year and of its profTt or loss for that year in accordance with the requirements of 5e¢tiong 394 and 395 of that Act. and which oiherwise comply with th¢ requirements ofthat Act relating to acctsunts. so far as these are applicable to the cornpany. The financial statement on pages 9 to 18 Were approved by the Trustees, and authorise41 for i55ue on 4 December 2023 and signed on their behalf by: Grah&m Gaiger Director Devizes and Distrirt Opportunity Centre Company Number. 02718442 England and Wdes Charity Number.. 1011774
12 The Dotes on page5 12 to 18 form illtegral psrt of the fittAncil ststemeDt& DEVIZES AND DISTRICT OPPORTUNITY CENTRE NOTES TO THE FJNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 l. Charity status The charity is a charity limited by gu3rantte and consequently does not have shate capital. Each of the truste is liable to contribute an arnount not ¢xG¢tding £1 towards the assets of the charity in the event of liquidation. 2. Accoullting po]ities Summ#ry of sigllificant attoullting pollties alld key ttounting estimates The principal accounting policies applied in the preparation of ihese financial statements are set out below. These policies have been consistently applied to all the years presented. unless oiherwise stated. StateN]et of complixllte The fi[tIal statements have been ppared in accordance with Accounting 2nd Reporting by Charities= Siaiement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effectTve I January 2015)- (Charities SORP IFRS 10211. the FinancTal RertIng Standard applicable in the UK ond Republir of Ireland IFRS 1021 and the CoTnpanies Act 2006. B25is ofpreparation Devize5 and District Opportunity Centre Meets the definition of a public benefit entity under FRS 102. A55ets and liabilities are initially recggnised at historitr cost OT tratjsattion vue unless otherwise stated in the Televont accounting ptslicy Rotes. Goillg tokn¢er The trustees consider that there are no material uncertainties about the charity'5 ability to continue as a going concern nor any significant aTeas of uncertainty that affect the carrying value of assets held by the charity. EXtptIon from prepxrillg s $h flow ststsment The charity Opted to early adopt Bulletin I publishe41 on 2 February 2016 and have therefore not included a c&sh flow si&*ment in these financi SL2tements. All income is re£ognised once the charity h&% entitlement to the irtcome, it is probable that the income will be received and the amount of the income receivable cart be me&%ured Teliably.
DEVIZES AFID DISTRICT OPPORTUNITY CENTRE NOTES TO THE FINANCIAL STATEMEDUS FOR THE YEAR ENDED 31 MARCH 2023 Donations Donations are recogni5ed when the charity ha5 been notified in writing of both th¢ aEnount and settlernent dat¢. In the event that a donation is subject to condttions that Tequire a level of performaDce by the charity before the charity is entitled to the fvnd4 the income is deferred and not recognised until either those cottditi0r fully rnet, or the fulfilent of those tortditions is wholly within the corttrol of the charity and it is probable that these conditions will be fulfilled ID the Teporting period. Dividends are recogni5ed once the dividend ha5 bEen declared and notifjcation ha5 be¢n received of the dividend due. Expendityre All expcnditure i5 recognised once there is a legal 01 constructivt obligation to that expenditure. it j5 probable settlemellt 15 rquired and the amount can be Jneasured reliably. All costs aTe allocated to the applicable expenditure heading that aggregate similar costs to that category. Iere costs c3nnot be directly attributed to particular headings they have been allocated on a basis eonsislent with the use of resources. with Gentral staff costs allocated on the blS of tirne spent, depreciation charges allocated on the rt10ft of the a55et'5 use. Other support costs are allocated b&8ed on the SPTead of staff costs. Charilable aeiivitles Chsritable expenditure compTises those costs incurred by the charity in the delivery of its activities and services for its beneficiart¢5. It includes both costs that can be allocated directly to such actiwtie5 and those costs of an indirect nature ntGessary to sllppon them. Governance costs These include the costs attributable to th¢ chaTity'S compliance with constitutiortai al statutory requirements, including accountancy, strategic manag¢rnent and tmstees, meetings and Feimbllrsed expenses. Taxation The ¢h8Tity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defjnition of a chaTit2ble company for UK COryOTation purposes. Accordingly, the tharity IS Potentially exrEllPt from I&tIon in Sct of income or c&piial gains received wiihin categories covered by Chapter 3 Part I l of the corporatio T&x Act 2010 or Section 256 of the TatiOn of Chargeable Gain5 Att 1992, to the extent that suth income or gain5 are applied exclusively to charitable PUTposes. Tangiblc fixed assets Individual fixed assets tostittg £500 or tnore are initially recorded at COSL less any subsequent accurnulated depreciation and subsequent ac£umulated impairtnent losses.
14 DEVIZES AND DISTRICT OPPORTUNrrY cEiwrRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ca5b gnd c$h equivale]]ts Ch and ¢h equi¥alBllts Comprise cash on hand gnd call deposits, and other shorE-tetm liquid investrnents that are readtly convertible to a known loUnt of ¢8sh and are subject to an insignificant Fisk of change in YUe. Trade creditors Trade creditors are obligations to pay for gtso or setvi¢esthat have been acquired in ihe ordinary course of business fro suppliers. Accounts payable are clalfIed current liabilities if they do noi have an unconditional righL at the end of the reporting PBriod, to defer settleent of the ¢Teditor for at leasi twelve months afteT the reporting date. If there is an un¢ondilional right to defersettIemeni forat least twelve months after the reporting dat4 they are presented a5 non<Uent liabilitlES. Trade creditors are recognised initially at the traTtsa¢tioft pri¢t and subsequently mured at amortised Cost using the effective interest fflethod. Fund structure Unrestrtcted incorne funds are general fund5 that are ay1ble for use at the trustees, diretiOn in furtherdnce of the objectives of the charity. Fill2nci21 in5trllments classrfal Financial wets and financial liabilities are recogntsed when the Charity becomes a parry tothe contta¢tual provisions of the insttumeni. Financial liabilities and equity instrurnents are ¢l&ssified according to the sUbSts¢e of the ¢ontractual arrangeentS entEd into. An equity instrument is any ¢onlra¢i that evidences a residual interesi in the et5 of the charity after dU¢ling of its liabiliti. Recognilion tsndm¢tss#rem¢ni All financial assets and liabilities aTe initially eured at transaction pric£ (including tsans¢tion costs), except for those financial a55ets ClSIfIed & at fair value through piofil or loss, which are initially measured at fair value (which is noJThally the transaction price Excluding transactloll C05ts1. unless the z]rangernent constitutes a financing Iransa¢tion. If arrangernent ¢onstituie$ a fTnan¢ing Iransaction. the finan¢ial &%sei or finan¢ial liability is Meured at the PTeseni value of the futUTe payments discounted a m*kei Tth of interest fora stinilar debi instrument. Finoncial assets and liabilities are only offset in the statement of financial position when, and only when there exists a leglY enforceable tight to Set off the tecobmised amounts and the charity intents either to settle on a net basis, or to reaiise the $¢t and settlE the liability simultanEousIy. Financial wets are dencolSed when and only when al the contracwal rights io the Cash tlows from th¢ financial Se1 expire or ar¢ 5e¢tled, bl the charity trSfer5 to anoth¢r pgrty sub5tantiBlly ] of the risks and rewth of ownershtp of the finBncia] asset, or cl the charity, despite having retained some, but not Bll, significantrisks and rewards of a)erShiP. hHs transferred control of the Set to Bnother paty. FiTMncial liabTlities are dere¢0ed only when th¢ obligation $pe¢ified in the contract Is disChge Cancelled 01 expires.
15 DEVIZES AND DISTRICT OPPORTUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 In¢ollJe resourtes Ullrestricted Restri¢ted Fund$ Fulld$ 20Z3 Totsl Fullds 2023 Totsl Funds 2022 2023 Voluntary Income Donations- Gener 212 21200 20868 21200 21200 20868 ctivities for GeneratiDg Funds Fund Rai5in8 Investsneni Income:. DEposiI Interest 1531 1504 1407 1407 34 2938 2938 1538 Incomiug Resources from Charitablc Activities Service Level Contract Agr¢¢ment Free Entiilement 78725 40130 78725 40130 78725 29838 118855 118855 108563 Other Crllnt5:. Children in Need Charities Trust 20500 1000 20500 1000 21500 21500 Totsl Incoming Resources 24138 140355 164493 130969
16 DEVIZES AND DISTRIcf OPPORTtn¥tTY CENTRE NOTES TO THE FINANCIAL STATEMENrs FOR TEE YEAR EM)ED 31 IRCH 2023 Total resources expended General Futtd 2023 Total Funds 2023 Tot21 Funds 2022 Covtrn#Dte 2023 C05t5 Direetly Allted to Artivitles SaIaries and Expetjses Playroom resources and materials Transport Training Course Fee5 Fundraising Expenses 106713 3983 298 2841 470 106713 3983 298 2841 470 101948 3156 1079 260 295 Supp(krt Cost Alloc2t¢d to Activitie5 sarIes and Expenses Light, Heat 3nd Water Postage, Stttionery, Consortium and Sundry Expenses Telephono and IT Expenses Property and Equipment Maintenance In5uraRce Stsff Uniforms OutretciVTidwotth EXpe]lture Accountgncy and Payroll Fec5 Early yea Alliance Bank Charge5 DepTeci3tion 18832 3017 18832 3017 17991 3920 1172 172 3611 7133 1465 377 93 1404 1499 173 5528 2046 3631 2273 1466 598 427 1236 7133 1465 377 93 1404 1499 173 5528 192 2200 Totsl Resource5 Expend 1404 157205 158609 142718 Net I¢0g resourees are st#tsd after ebargillg 2023 2022 Depreciation Accountancy Fees 5528 876 2200 756 Stsff costs 2023 2022 Salaries and wages (including etnployers nation insurance) 125545 119939 There were no employees with emoluments in excess of £60000 per annum.
17 DEVIZES AND DISTRICT oPPORTUNv CENfRE NOTES TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 2023 Txnglble ed alld room equApmeJLt Total At l April 2022 Athlition5 in th¢year 5105 41878 15503 46983 15503 At 31 M•r¢h 2023 5105 57381 62486 At l April 2022 Change Èn the year 5105 35278 5528 40383 5528 Ai 31 March 2023 5105 40806 45911 Net bLw)k value At 31 Mgrch 2023 16575 16575 At 31 March 2022 l)ebtOT5 *nd prtpymtnts R¢strthl U¢r¥trSrtts1 fuDd5 Totsl Total 2022 Pr¢paytnents at¥1 other detrto Credlthrs:_ amollnts falling due within ODeyur Tothi 202J Totsl 2022 riuds 4150 4150 3434 4150 4150 3434
DEVIZES AND DISTRicf OPPORTUNrrY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Anly$l$ ofnet $9¢ts behvetn fuDds RtttTiCted Vnrestriu¢d rwAd$ Totsl rumd$ Tangible fixed assets Current setS Current liabilities 16575 175761 14150) 16575 175761 141501 Nef se158$ ai 31 Mrh 2023 Ll. MovemeDts in funds As 1 Incoming Resourtes 01.0&22 re50urtes e4)ended Asat 31.0323 Restricted fund5-. SLA Othergrants 78725 61630 1787251 1616301 Totsi restricted funds 140355 11403551 D¢sDled funth..- Developmeni fund Contirt¥¢ncy futwj 40000 140000 40(KJO 145(K)O Totsl designated fund5 uDrestrjct fullds:_ Gencr&l funds 1800 So) I850 2302 1182541 3186 Totxl fuLth 182302 164493 1158609) 12. Dlre£tors remuner80ll and rtl#ted party traDS&ttIott$ No dIFe¢tO received any remuntration during the y&v.